If you own a home, then you likely have homeowners’ insurance to cover your home and belongings in the event of a fire. Homeowners’ insurance covers damages caused by accidental fire. Even if you suffered a cooking mishap, had an electrical issue, or did not properly watch a lit candle, your policy will cover the damages.
Not many of us spend hours poring over our insurance policy to understand what exactly is covered. While each policy is different, there are some common things that will be the same from one policy to another. Here is a breakdown of what you can expect to see on the declarations page of your policy.
Dwelling Coverage
If the fire started inside your home, then your home may not be a total loss. Only one room or part of the home may be burned. However, if it was a large wildfire that burned acres, your home will likely be a total loss. It may be nothing but a pile of ashes.
Dwelling coverage pays for the burned portions of your home or the entire home if it is a total loss. If your home simply needs repairs, your insurance will cover the amount needed to pay the contractors or subcontractors, such as plumbers or electricians. If your home completely burned down, you will be given a lump sum payment, up to your limits. For example, if your home is worth $300,000, but you are only covered for $250,000, then you will only receive $250,000. However, if you are covered for $400,000, then you will receive only up to what the house is worth, so $300,000 in this case.
Liability Protection
Liability protection protects you in the event that you started a fire that spread to nearby properties. You would be protected from any lawsuits filed by neighbors and others who suffered property damage due to a fire caused by your negligence.
Personal Property
Any personal possessions destroyed or burned by the fire will be covered under your fire insurance. This includes clothing, electronics, and furniture. If you have high-value items, such as jewelry, heirlooms, and collections, you should let the insurance company know. Typically, there are set limits for certain pieces.
Loss of Use
This optional coverage reimburses you for food and lodging that you pay for while your home is uninhabitable. Exclusions apply, and there are limits, which are set by each insurer.
Seek Legal Help from The Wildfire Lawyers
Even though your homeowners’ insurance policy covers fire damage, it may be a challenge to get them to pay up. Insurance companies are not known for paying huge settlements on their own. Having a California Wildfire lawyer on your side can increase your chances of getting the compensation you deserve.
The lawyers at The Wildfire Lawyers offer aggressive representation for their clients. They will hold your insurance company responsible and force them to pay up. Don’t settle for less. Contact one of our several locations throughout California. To get started, call (888) 501-6083 or fill out our online form.